Adani Ports and Special Economic Zone informs about outcome of meeting

17 Jul 2019

Adani Ports and Special Economic Zone has informed that the Finance Committee of the Company has approved the issuance of fixed rate senior unsecured notes aggregating to $ 650,000,000 and has approved the pricing, tenure and other terms of the Notes. The Company intends to use the proceeds of the issue of Notes, together with cash on hand of the Company, to fund the Tender Offer (defined below) and to redeem for cash any and all of its Senior Notes due  2020, and if the Tender Offer and the redemption are not completed for any reason, the net proceeds of the issue of Notes will be used by the Company to refinance the existing indebtedness of the Company as borrowed under the ECB Guidelines and/or other existing indebtedness of the Company with RBI approval (if required).

The above information is a part of company’s filings submitted to BSE.

Related Adani Ports and Special Economic Zone Ltd. Links:

Adani Ports &Special Share Price

692.85 18.80 (2.79%) Mar 01, 18:43
1 Year Price Chart
Peers
Company Name CMP
Adani Ports &Special 692.85
Gujarat Pipavav Port 98.85
View more..
Sensex vs Adani Ports &Special
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback